‘‘ It is indeed very expensive to start a new business. But if you are smart entrepreneur, you can start a business without spending too much.
If you are new into business world, consider business bootstrapping. The following are the reasons why it is advisable for new entrepreneurs to start with bootstrapping:
1. There are no investors
While it is true that investors are helpful when you need money, they can also be a burden. You need to work hard for them and you can’t get them rid of decision making process.
2. No Interest
You can get rid off interest expense if you don’t have investors or loans. All profits will go to your pocket.
3. Great Business Experience
In bootstrapping, you can focus on things that really matter most. You can gain valuable information about your market and industry.
You can always dream big for your business, but of course, you should always start small. What is good in bootstrapping is that, your earnings will always go back to your business, not to your investor’s pocket and to commercial loan interest.
great little article and best of all it is simple! it’s good for someone like me who is starting out as an entrepreneur.